BTC may give way to altcoins
As the price of Bitcoin is setting new records over the recent weeks, and institutional investors massively investing in the cryptocurrency, altcoins may surpass Bitcoin.
Will Bitcoin continue to grow?
The leading cryptocurrency by market capitalization fell sharply in March due to investor panic over the effects of Covid-19. The coin fell so much that this milestone went down in the history of the crypto industry.
This level allowed many investors to enter the market as prices soared from this price point, breaking many resistances and setting many records by the end of the year.
“Following the recent bullish technical breakout of its historical high, or ATH, the Bitcoin price has experienced an acceleration of the climb, quickly reaching theoretical targets explains”, explained Vincent Gunn, senior technical analyst at TradingView.
“So, after Bitcoin broke the old record of 2017, it reached new highs. What can we expect from the cryptocurrency now, and what levels should we watch for when the currency moves?
“When an asset breaks historical highs, there is no longer a simple benchmark for determining price targets. But in technical analysis, there are many tools for calculating theoretical goals, in particular the Fibonacci expansion coefficients associated with Elliott waves,” explains Vincent Gunn.
“My calculation from the point of the one-year low in March last year (the stock market shock from Covid) allows us to identify the bullish band at the end of the year as the fifth wave of growth,” he adds.
“Without going into technical details, we should remember that the target was $ 25,800 and it was met.”
“There is now a bearish divergence regarding Bitcoin dominance, which suggests a low performance of the BTC for the end of the exchange year,” says Vincent Gunn.
Thus, the technical analyst explains that a small “alternative season” may take place at the very end or beginning of 2021, and the growth of Bitcoin may stop. There may even be a rollback.
Whales accumulate more Bitcoins
Data show that wealthy investors have been buying more and more Bitcoins over the past four days.
Bitcoin blockchain trading activity has been volatile in recent days, and whales could be the cause. Large holders have helped deplete BTC stocks by aggressively buying up the crypto asset.
Over the past few months, the crypto industry has seen an increase in the number of well-known names, mostly from the financial industry, entering the Bitcoin market. This upswing doesn’t seem to be running out. The data points to an influx of wealthy investors into the market. However, one important point should be noted. Using these chains, it is difficult to distinguish individual from institutional investors.
Addresses over 1,000 BTC (which equates to $ 26.5 million at the current price of $ 26,500) are widely considered whales. Santiment Analysts have estimated that more than $ 645 million in Bitcoins have been moved to major addresses.
Channel data provider Santiment posted on Twitter: “In the last 48 hours since Christmas, Bitcoin addresses with 1,000 or more BTC now have 0.13% more supply than smaller addresses. This amounts to approximately 24,158 coins, or $ 647.7 million”.
Interestingly, many wealthy investors are holding on to their assets despite the current Bitcoin rally. According to the network, only a small number of whales have sold their assets.
How to listing my coin/token to the SPACEBOT?
Application Form for Listing
Please Kindly Answer the Following Questions:
- 1. Coin Recommender
- 1.1 Anyone Introduces You to SPACEBOT?
- 1.2 Referral’s Name, Mailbox, Telegram Account
- 2. Introduction of the Project
- 2.1 Name of Project, supporting both Russian and English
- 2.2 Official Website
- 2.3 Documentation link (api for developers)
- 2.4 Symbol (url: coinmarketcap.com,coinpaprika.com etc.) ATTENTION: It’s a prerequisite! If information about your coin is not available on this resource, we can agreed and list it on coinmarketrate.com. Listing price from 10 ETH.
- 2.5 Offering Price (url: coinmarketcap.com,coinpaprika.com etc.)
- 2.6 Total Fundraising Amount (url: coinmarketcap.com,coinpaprika.com etc.)
- 2.7 Brief Introduction of your Project Covering its Positioning, Features , etc.
- 2.8 Expected Trading Pairs against BTC, USDT, ETH (url: coinmarketcap.com,coinpaprika.com etc.)
- 2.9 Anyone in Charge of the Project
- 2.10 Contact of Project Manager
- 2.11 Project promotion Channel like Website, Wechat Official Account, Twitter, etc.
- 2.12 Attachment of Source File of Token Logo
- 2.13 Is the Project Tokens Based on ERC20 (or other blockchain)?
- 2.14 Any Market Value Management?
- 3. Project Marketing ant Its Users Scale
- 3.1 Expected Listing Date
- 3.2 Users Community in Telegram, Twitter, Reddit, Slack, WeChat, QQ Group , etc. and Its Links and Scale
- 3.3 Media Reports and Links
- 3.4 Time and Place of Roadshow or Other Marketing Campaign？
- 3.5 Marketing Budget on SPACEBOT and Token price establishing margin
- 4. Qualifications
- 4.1 Basic Information of Team Members
- 4.2 Consultants or Public Figures
- 4.3 Early Investment
- 4.4 Whether Listed on Quote Platform，such as Feixiaohao ,CoinMarketCap, etc.
- 1. Notes for Listing
- 2. SPACEBOT the unique software, for co-production of cryptocerrency. SPACEBOT provides an opportunity to get a monthly increase in the productivity of the cryptovoltaic minting of PRIZM, BIP and other cryptocurrency due to the total increase of the balance in the network of blockages through the “Proof-of-Stake” system.
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- 4. The digital asset teams need to make preventive measure with SPACEBOT to keep away from crushing the market. Otherwise we will end the cooperation.
- 5. SPACEBOT will remove the project from the list if : The dissolution of team keeps our client away from mining, transferring, block inquiring, etc. No investors trade, hold, use this token; technical failure which affect mining, transferring, block inquiring, etc. The team has some illegal irregularities such as illegal fund-raising, pyramid selling, money laundering, gambling, drug abuse, fraud, being banker of the asset, etc.
How to register a new users on SPACEBOT?
Registration on SPACEBOT is available only via the referral link which you can get after bonding 100 coins to the pool.
In order to get the link through the Telegram bot:
1. Send 100 coins to the wallet given by the bot: Wallet – Deposit
2. Bond 100 coins to the pool: Wallet – Deposit for paramining
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your referral link and invite new users
In order to get the link through iOS/Android:
1. Send 100 coins to the wallet given by the App: Home screen – Refill
2. Bond 100 coins to the pool: Home scren – Bond
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your link and invite new users
How to install the iOS App?
To install the App
1. Follow the link:
2. Сlick ‘Install’ and follow the standard steps to install the App on your device
3. If you are a new user – press ‘Register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)
4. If you already have your SPACEBOT Telegram account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’ section.
How to install Android App?
To install the App:
1. Follow the link:
2. Press ‘install’ and follow the standard steps to install the App on your device.
3. If you are a new user – press ‘register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)
4. If you already have your Telegram SPACEBOT account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’
How to top up your balance?
Top up your balance with Telegram bot:
1. Go to ‘Wallet’ section
2. Press ‘Deposit’
3. Copy the wallets sent to you (be careful not to copy extra symbols)
4. Transfer coins to the copied wallet adress
Top up your balance with iOS/Android App:
1. Press ‘Top up’ on the mail screen
2. Copy the wallets sent to you (be careful not to copy extra symbols)
3. Transfer coins to the copied wallet adress
* Track transaction on the blockchain:
PRIZM – https://prizmexplorer.com
BIP/BTT – https://explorer.minter.network
**Please note that depositing of coins requires certain number of confirmations in the network and it takes time to process a transaction with our algorightm
***Also note that many exchanges and wallets services carry out transfers with delay (on some exchanges it can take up to 72 hours), and you shouldn`t worry since this is a stadard procedure.